Global Orthopedics Diagnostic Devices Market Forecast to 2030
The global orthopedic diagnostic devices market size reached USD 11,024.00 Million in 2021 and is expected to register a revenue CAGR of 3.9% during the forecast period, according to the latest analysis by Emergen Research. The global demand for diagnosis and diagnostic equipment has increased due to the rising prevalence of orthopedic disorders such as osteoporosis, arthritis, elbow discomfort, and others. Arthritis is estimated to affect around 72 million people in the United States by 2030, according to the Centers for Disease Control and Prevention (CDC), and therefore, demand for orthopedic diagnostic equipment is likely to increase in the United States, making it one of the most lucrative markets in the world. An increase in the number of old and obese people is also expected to increase the adoption rate of orthopedic diagnostic devices and, thus, drive market revenue growth during the forecast period. According to the US Department of Health and Human Services projections, the country's geriatric population would increase to 72.1 million by 2030, more than doubling from 2000. This is expected to increase demand for orthopedic diagnostic devices as the geriatric population is more susceptible to orthopedic diseases such as osteoporosis and osteoarthritis.
The analysis examines the factors influencing industry growth in the worldwide Orthopedics Diagnostic Devices Market and provides detailed estimates regarding the growth pattern. Drivers, restraints, opportunities, threats, risks, constraints, and other characteristics of the market are some of the study's primary subjects. The study offers a comprehensive investigation of the company profiles, product portfolio, and corporate expansion strategies in addition to a full analysis of the competitive environment. The Global Orthopedics Diagnostic Devices Market Research Report by Emergen Research was provides comprehensive coverage of the qualitative and quantitative analyses of the Orthopedics Diagnostic Devices Market in addition to significant market statistical data. Both current estimates through 2022 and historical data from 2018 to 2019 are provided in the research paper. The study also examines established and emerging market players, providing a broad overview of the company, its product line, commercial alliances, and expansion ambitions.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Orthopedics Diagnostic Devices market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
GE Healthcare, Siemens Healthineers, Koninklijke Philips N.V., Canon Medical Systems Corporation, Hitachi, Ltd, Esaote S.p.A., Hologic, Inc, Planmed Oy, FUJIFILM Holdings Corporation, Stryker, Zimmer Biomet, Bone Index Ltd, SCANCO Medical AG and Echolight S.p.a
Research Report on the Orthopedics Diagnostic Devices Market Addresses the Following Key Questions:
Who are the dominant players of the Orthopedics Diagnostic Devices market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the Orthopedics Diagnostic Devices market?
What are the key growth drivers and restraining factors of the Orthopedics Diagnostic Devices market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the Orthopedics Diagnostic Devices market and its key segments?
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Some Key Highlights From the Report
X-ray systems segment revenue is expected to register a significantly rapid CAGR during the forecast period, owing to increasing use of interventional X-ray systems, including C-arms and others, for image-guided surgeries. Advances in C-arms, including mini C-arms based on digital radiography and flat panel detectors, have been instrumental in driving demand for X-ray equipment globally.
Point of care segment is expected to register a significantly robust revenue growth rate over the forecast period, due to rising demand for point-of-care orthopedics diagnostic devices, among other healthcare devices, owing to increasing preference for portable and less obtrusive medical devices.
North America is expected to register a considerably robust revenue growth rate in the global orthopedics diagnostic devices market over the forecast period, due to direct presence of key regional players, a strong distribution network, and well-established healthcare infrastructure. Recent trends in the North America orthopedics diagnostic devices market include use of new polymer materials and development of prosthetic devices as per functional needs of patients.
Market Segmentations of the Orthopedics Diagnostic Devices Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Orthopedics Diagnostic Devices market on the basis of product, application, and region:
Segments Covered in this report are:
Product Outlook (Revenue, USD Million; 2019–2030)
X-ray Systems
Fluoroscopy
Doppler Ultrasound
Computed Tomography (CT Scan)
Quantitative Computed Tomography
High-resolution peripheral quantitative computed tomography (HR-pQCT)
Weight Bearing CT (WBCT)
Magnetic Resonance Imaging (MRI)
Weight Bearing MRI
Other Devices
Other Diagnostic devices
Type Outlook (Revenue, USD Million; 2019–2030)
Standalone
Point of Care
Age Group Outlook (Revenue, USD Million; 2019–2030)
Pediatrics
Adults
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Regional Landscape section of the Orthopedics Diagnostic Devices report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key reasons to buy the Global Orthopedics Diagnostic Devices Market report:
The latest report comprehensively studies the global Orthopedics Diagnostic Devices market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
In conclusion, the Orthopedics Diagnostic Devices Market report is an exhaustive database that will help readers formulate lucrative strategies. The Orthopedics Diagnostic Devices Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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